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DJT took a hit today afterhours dropping to $45 next stop about 20-25 a share. Once it breaks down below 38 going to sail all the way down into the 20's as people who bought in in the mid 60-70's panic and dump it.
DJT took a hit today afterhours dropping to $45 next stop about 20-25 a share. Once it breaks down below 38 going to sail all the way down into the 20's as people who bought in in the mid 60-70's panic and dump it.
Into the 20's. You do realize that would still be a Market Cap of around 3 Billion.
Then the people who waited until it hit the 20's will buy up the stock and watch it sail back up into the 40's and 50's and double their money.
Whether or not DJT sticks to their six-month lockout, or votes to reduce the period won't make much of a difference. Either way, the share price is going to crash bigly, just before the lockout expires. The fat-cat big investors are riding the volatility of the stock, and know there's no actual value in it. They won't want to be holding their shares of it when the insiders dump their shares and flood the market. It'll be down to 2 or 3 bucks by the time Trump gets to cash in. Meanwhile, the little guys who are dumb enough to hang onto their shares will get screwed. I've been through this before myself as an insider and experienced the disappointment. It's all a big scam.
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